Newly refreshed with exterior wall paint, this property offers a compelling investment opportunity in the highly desirable University Park neighborhood. The current lease could be assumed by the new owner, providing immediate income potential and added flexibility for a seamless transition. This classic Craftsman-style home features solid construction and great bones, making it an ideal candidate for restoration to its original character and charm, or a prime site to build a custom dream home in one of Seattle's most sought-after and walkable neighborhoods. The property also works exceptionally well as a rental or rooming house, appealing to long-term tenants. The location is truly unbeatable. Just moments from the University of Washington, University Village, Cowen Park, and Ravenna Park, residents enjoy easy access to campus life, green spaces, dining, shopping, and everyday conveniences. With a Walk Score of 95, this home offers rare pedestrian-friendly convenience-an increasingly valuable asset for both investors and future owner-occupants. Additional highlights include a basement with heated flooring and a wet bar, adding comfort and versatility. Whether held as a long-term income property, updated and repositioned, or redeveloped to maximize future value, this is a rare opportunity in an exceptional location.